Exclusive Zaporizhstal increased rolled steel output by 6.5% q/q in Q1

Steel production increased by 4.8% q/q and pig iron production – by 5.1% q/q over the period

Zaporizhstal Iron and Steel Works increased rolled steel production by 6.5% year-on-year to 636.7 thousand tons in the first quarter of 2025. Compared to the same period in 2024, the figure increased by 3.7%. This is based on GMK Center’s calculations based on the company’s data.

Pig iron production in January-March amounted to 849.7 thousand tons, up 5.1% compared to Q4 2024 and 8.5% compared to the same period last year. Steel production increased by 4.8% q/q and 2.4% y/y – to 748.4 thousand tons.

In March 2025, Zaporizhstal increased its production of rolled products by 3% y/y and 15.5% m/m to 226 thousand tons, pig iron by 8.6% y/y and 11.8% m/m – to 296.6 thousand tons, and steel by 3.9% y/y and 14.8% m/m – to 270.1 thousand tons.

As GMK Center reported earlier, in 2024, Zaporizhstal increased its production of commercial rolled steel by 18.3% compared to 2023, to 2.43 million tons. Pig iron production amounted to 3.11 million tons (+14.3% y/y), and steel production – 2.89 million tons (+17.2% y/y).

The increase in production volumes in 2024 compared to 2023 was due to higher blast furnace productivity, increased demand for commercial pig iron and the partial restoration of the sea freight export route.

As part of the 2024 investment program, the company allocated UAH 938 million to maintain production facilities. In particular, the funds were invested in major overhauls of the main production units, implementation of investment projects in occupational safety, information technology and social sphere. In 2025, investments are planned to increase to UAH 1.1 billion.